Bromelain and Papain Market Size, Share, Growth, and Industry Analysis, By Type (Bromelain, Papain, and Bromelain & Papain), By Application (Food Industry, Feed Industry, Medical Application, Cosmetic Industry, and Others) Regional Insights and Forecast to 2032

Updated On: 29 April 2024

Bromelain and Papain Market REPORT OVERVIEW

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The global bromelain and papain market size was in USD 803.45 million in 2021 and is expected to reach USD 1535.95 million by 2032, exhibiting a CAGR of 6.07% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Bromelain and Papain, both naturally occurring enzymes extracted from pineapple and papaya, respectively, play a significant role in multiple industries, including food, pharmaceuticals, and cosmetics, owing to their proteolytic characteristics, which involve the digestion of proteins. These plant-derived enzymes find diverse applications in industrial settings. It's worth emphasizing that the effectiveness and properties of these enzymes may differ depending on their source and the methods used for processing.

COVID-19 Impact: Increased Demand for Health Supplements among Population to Fuel Market Growth

Amid the pandemic, there was a notable surge in interest in health and well-being, leading to an increased demand for dietary supplements and nutraceuticals. Many of these supplements incorporated Bromelain and Papain due to their recognized potential health advantages, particularly their anti-inflammatory and digestive properties.

The pandemic caused disruptions in worldwide supply chains, impacting the acquisition and manufacturing of the raw materials necessary for enzyme extraction. This, in turn, resulted in shortages and elevated expenses for Bromelain and Papain, impacting a range of industries that depend on these enzymes.

LATEST TRENDS

"Growing Demand in Nutraceuticals, and Expanding Cosmetic Applications to Fuel Market Growth "

The heightened emphasis on health and well-being globally, especially in response to the COVID-19 pandemic, has spurred an increased demand for natural, plant-derived components in dietary supplements. Bromelain and Papain, being naturally occurring enzymes, are well-suited to meet this growing demand. These enzymes are notably renowned for their capacity to aid in protein digestion, which potentially makes them valuable for promoting digestive health. Moreover, Bromelain, in particular, possesses anti-inflammatory properties, making it an attractive inclusion in nutraceuticals due to its potential to address various inflammatory conditions. Given the prevalence of inflammation-related health concerns, consumers are actively seeking natural remedies. Both enzymes were utilized in cosmetics and personal care items, aligning with the prevailing inclination towards incorporating natural components in skincare. These enzymes were highly sought-after for their exfoliating and skin-soothing attributes.

bromelain and papain market SEGMENTATION

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• By Type

Based on type market is classified as bromelain, papain, and bromelain & papain.

• By Application

Based on application market is classified as food industry, feed industry, medical application, cosmetic industry, and others.

DRIVING FACTORS

"Health and Wellness Trends to Fuel Market Growth"

The bromelain and papain market growth is propelled by the rising consumer consciousness regarding health and well-being, which has led to an increased demand for natural and plant-derived ingredients. Bromelain and Papain, being natural enzymes, are well-positioned to capitalize on this trend, as consumers actively seek products that contribute to overall health and vitality.

"Digestive Health to Stimulate Market Progress"

Both Bromelain and Papain are acknowledged for their digestive attributes. In a world where digestive problems are prevalent, these enzymes are highly sought after for their potential to enhance protein digestion and support gastrointestinal well-being.

RESTRAINING FACTORS

"Supply Chain Vulnerability to Harm Market Growth "

The market is sensitive to the sourcing of raw materials, which rely on specific crops. This reliance makes the supply chain susceptible to natural factors like weather events and crop variations. Such disruptions in the supply chain have the potential to result in both shortages and price fluctuations.

bromelain and papain market REGIONAL INSIGHTS

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"North America reflects the expanding health and wellness trend to Drive Market Share"

In North America, with the United States taking a prominent bromelain and papain market share, Bromelain and Papain are extensively consumed in dietary supplements and nutraceuticals, reflecting the expanding health and wellness trend. Likewise, Canada's market share is notable, with health-conscious consumers driving the utilization of these enzymes in diverse applications.

KEY INDUSTRY PLAYERS

"Multitude of companies that played a pivotal role in expansion of bromelain and papain "

In the Bromelain and Papain market, there are significant industry players involved in both the production and supply of these enzymes. Dole, a renowned fruit producer with expertise in pineapples, is actively engaged in the extraction of Bromelain from pineapple stems and fruit byproducts.

List of Market Players Profiled

• MITSUBISHI-KAGAKU (Japan)
• Fruzyme Biotech (India)
• Rosun Natural Products (India)
• SENTHIL (India)
• PATEL REMEDIES (India)

REPORT COVERAGE

The future demand for the market is covered in this study. The Research report includes the Increased Demand for Health Supplements due to the Covid-19 Impact. The report covers the latest trends in Expanding Cosmetic Applications. The paper includes a segmentation of the market. The research paper includes the driving factors that are Health and Wellness Trends to Fuel Market Growth. The report also covers information on Regional Insights where the region which has emerged leading market for bromelain and papain.